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BP CEO won’t hold press event Wednesday

by Ben Geman - 03/06/13 2:24 PM ET
by Ben Geman - 03/06/13 2:24 PM ET

BP is in the midst of a federal civil trial for the 2010 Gulf of Mexico oil spill.

The company faces billions of dollars in new civil fines after agreeing to a $4 billion criminal settlement with the Justice Department last November.

BP is also seeking to end a suspension from receiving new federal contracts that the Obama administration imposed last year.

— Updated at 10:03 a.m.

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